A bond that allows the holder to force the issuer to buy back bonds at a stated rate is called a:

Question

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A put bond gives the holder the right to force the issuer to buy back the bonds at a predetermined rate before the maturity date. This allows the holder to sell the bond back to the issuer if the market conditions have changed and the bond is no longer attractive. A call bond, on the other hand, allows the issuer to buy back the bonds at a predetermined rate before the maturity date. Guaranteed bonds and TIPS bonds do not have the feature of allowing the holder to force the issuer to buy back bonds at a stated rate.

A Bond That Allows the Holder to Force the Issuer